Regions Bank BSA/AML Quantitative Modeling Analyst in Birmingham, Alabama

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Job Description:

At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. Associates in this job family is typically in a corporate function providing support across the entire firm or to multiple business segments.

Primary Responsibilities

  • Develops analytical methods and models that assess the market, credit and / or operational risks of new and existing financial products

  • Participates in the research, design and implementation of new financial products or in the development of trading or hedging strategies

  • Consults with the business segments in researching the development of risk management models for new and existing products

  • Develops various analytic models including sensitivity analyses, stress testing, value-at-risk, scenario testing, and Monte Carlo simulations

  • Is focused on the development of the theory and mathematics behind various models

This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.

Requirements

  • Bachelors degree in Statistics, Mathematics, or Quantitative Finance and four years related experience

  • Or Masters degree in Statistics, Mathematics, or Quantitative Finance with two years related experience

Skills and Competencies

  • Proficiency with SAS, SQL and Visual Basic Script within Microsoft Excel

  • Advanced data management skills

  • Ability to source data and convert it into a usable form without the benefit of a fully-developed data mart

Preferences

  • Ph.D in Statistics, Mathematics, or Quantitative Finance

  • Chartered Financial Analyst (CFA)

  • Financial Risk Manager (FRM)

Additional Information:

This position is part the BSA/AML Quantitative Modeling team. The department specific responsibilities include the following:

  • Assist with the designs and construct of in-house and vendor supported models such as SAS AML transaction monitoring scenarios and OFAC sanction screening system.

  • Execute periodic tuning for the threshold parameters of the scenarios/models.

  • Develop post processing models to reduce the amount of false positives generated by the scenarios/models.

  • Document model developments and tuning exercises using model documentation template specified by Model Risk/Model Validation department.

  • Work with technology team on testing and implementation of the models.

  • Design ongoing monitoring plan to monitor the performance of the models and develop ongoing monitoring reports based on the plan.

  • Execute the ongoing monitoring reports and report findings to model owner(s) and/or committees.

  • Support Model Validation on their validation or periodic review of the scenarios/models.

  • Remediate the issues identified by Model Validation.

  • Proficiency with R.

Location:

Birmingham, Alabama

EEO/AA/Minorities/Females/Disabled/Veterans

About Regions

At Regions, our culture focuses on five core values that are a commitment to how we will do business:

  • Put people first

  • Do what is right

  • Focus on your customer

  • Reach higher

  • Enjoy life

Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.

EEO/AA/Minorities/Females/Disabled/Veterans